Certain registered investment
companies and business development companies ("BDCs") are required
to submit to the Commission in Inline XBRL format certain
information that is disclosed in their registration statements,
post-effective amendments thereto, prospectuses filed pursuant to
Rule 424(b) and Rule 497(c) or (e) under the Securities Act, and
Exchange Act reports that are incorporated by reference into a
registration statement, and, for BDCs, their financial statements,
pursuant to specified form and rule requirements . On October 13,
2021, the Commission adopted rules modifying most fee-bearing
forms, schedules, statements, and related rules to require all fee
calculation disclosure information in a filing fee exhibit that
will be structured in Inline XBRL. In particular, amended Forms N‑2
and N-14 and new Rule 408 of Regulation S‑T will require
(non-interval) registered closed-end investment companies and BDCs
to tag their filing fee exhibits in Inline XBRL.
US Code:
15 USC 80a-1 et seq. Name of Law: Investment Company Act of
1940
US Code:
15 USC 77a et seq Name of Law: Securities Act of 1933
US Code: 15
USC 77a Name of Law: Securities Exchange of 1934
The rule amendments will
modernize filing fee disclosure and payment methods. The amendments
will revise most fee-bearing forms, schedules, statements, and
related rules to require each filing fee table and accompanying
disclosure to include all required information for fee calculation
in a structured format using Inline XBRL. The amendments also will
add options for fee payment via ACH and debit and credit cards and
eliminate options for fee payment via paper checks and money
orders. Finally, the amendments also will make other fee-related
revisions. The Commission anticipates that the amendments will, in
the aggregate, increase the burdens and costs on affected entities
due to changes in fee calculation disclosure requirements and the
new requirement to structure fee-related information. For purposes
of the PRA, the Commission estimates that, the amendments will
result in an increase of 82 internal burden hours, and an increase
of $98,700 in external costs for the services of outside
professionals to comply with the requirement to tag the filing fee
exhibits for Forms N-2 and N-14 in Inline XBRL. In the aggregate,
we estimate that investment company filers will spend approximately
252,684 total burden hours, and $15,449,450 in total external costs
for the services of outside professionals to comply with the Inline
XBRL tagging requirements associated with the disclosure forms.
These figures reflect the Commission’s revision and update of
burden estimates for the PRA for Investment Company Interactive
Data, including the new burdens associated with the rulemaking
changes.
No
No
No
No
No
No
No
Amy Miller 202 551-4447
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
Interactive Data (A-Filing Fees) Supporting Statement.pdf
Registered Investment Company Interactive Data